Main Article Content
Abstract
A new five parameter Fréchet model for Extreme Values was proposed and studied. Various mathematical properties including moments, quantiles, and moment generating function were derived. Incomplete moments and probability weighted moments were also obtained. The maximum likelihood method was used to estimate the model parameters. The flexibility of the derived model was accessed using two real data set applications.
Keywords
Fréchet
Weibull-G
Moments
Hazard rate
hazard rate
Maximum Likelihood.
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How to Cite
Haq, M. A. ul, Yousof, H. M., & Hashmi, S. (2017). A New Five-Parameter Fréchet Model for Extreme Values. Pakistan Journal of Statistics and Operation Research, 13(3), 617-632. https://doi.org/10.18187/pjsor.v13i3.1727
